ITAT Delhi held that a single satisfaction note for multiple assessment years fails the mandatory requirements of Section 153C, rendering the assessment void for lack of jurisdiction.
The Court quashed criminal proceedings after finding that the petitioner had ceased to be a director before the due date for filing the company’s income tax return. Documentary records established the absence of liability
Nine years of GST have delivered higher revenue, digital compliance, and economic integration, while challenges such as ITC disputes, litigation, and frequent regulatory changes continue to require reforms.
Udyam Registration is a Central registration issued by the Ministry of MSME and is valid in all States and Union Territories. No separate State-wise registration is required.
The U.S. DOJ told a federal court that the criminal case was filed without a realistic prospect of trial. It sought dismissal citing legal, evidentiary and practical considerations.
The FAQs explain that FAST-DS, introduced through the Finance Act, 2026, offers eligible taxpayers a one-time opportunity to disclose undisclosed foreign assets and income in return for immunity from specified penalties and prosecution under the Black Money Act, subject to prescribed conditions.
ICAI has categorically rejected social media claims of a data breach, confirming that no members’, students’, or examination records were compromised. The Institute urged stakeholders to rely only on official announcements.
CBIC has introduced a uniform Deficiency Memo format for Section 74 drawback claims, standardizing document requirements and claim processing across Customs formations.
NGOs receiving foreign contributions must comply with registration, banking, governance, reporting, and utilization requirements under FCRA. Following these compliance measures helps avoid regulatory violations and ensures lawful receipt and use of foreign funds.
The IBBI First Appellate Authority held that although the CPIO failed to respond within the statutory 30-day period under the RTI Act, the appeal did not warrant interference because the requested information had been satisfactorily furnished. The Authority nevertheless urged strict adherence to statutory timelines in future.
